Alphabet's Wing Unit to Invest Up to $125 Million in New Manufacturing Facility
Alphabet (GOOGL) subsidiary Wing is planning a significant expansion of its drone operations. According to reports, the company intends to invest up to $125 million over the next two years into a new manufacturing facility located in Fort Worth, Texas. This capital expenditure marks a strategic move to scale production capabilities for its delivery drone technology. The investment is expected to bolster Wing's ability to meet growing demand for autonomous aerial delivery services and strengthen Alphabet's position within the logistics and robotics sectors.